Teck Resources - 2015 -

VANCOUVER, BRITISH COLUMBIA - Jan. 21, 2016 - Teck Resources Limited (TSX: TCK.A and TCK.B, NYSE: TCK) ("Teck") has been recognized as one of the Global 100 Most Sustainable Corporations for the fourth consecutive year by media and investment research company Corporate Knights. Teck was the top-ranked company in the Metals and Mining category and the second-ranked Canadian company on this year's Global 100 list.

"Our focus on sustainability is an important part of our overall efforts to improve efficiency and reduce costs to ensure we emerge stronger from current challenging market conditions," said Don Lindsay, President and CEO. "We are proud of the hard work of our employees whose commitment to sustainability is directly responsible for Teck being included in the Global 100 for the fourth consecutive year."

Teck's environmental and social performance is guided by a company-wide sustainability strategy that includes short and long-term goals designed to enhance the company's sustainability performance. After completing its 2015 short term sustainability goals, Teck recently updated its strategy, including establishing new goals for 2020 and ensuring the strategy focuses on the greatest risks and opportunities related to Teck's sustainability performance. For more information about Teck's approach to sustainability, go to www.teck.com/responsibility/.

The top 100 companies are selected from all publicly traded companies with a market capitalization over USD$2 billion. Companies were evaluated based on a range of sector-specific sustainability metrics, such as water, energy and carbon productivity, and safety performance, as well as financial strength and business sustainability. More information can be found here: www.corporateknights.com/reports/global-100.

Teck has also been named to the Dow Jones Sustainability World Index (DJSI) for the last six years, which ranks Teck's sustainability practices in the top 10 per cent of the world's 2,500 largest public companies. In 2015, Teck was named one of the Best 50 Corporate Citizens by Corporate Knights and one of the top 50 Socially Responsible Corporations by Sustainalytics.

Our liquidity remains strong with a cash balance of $1.8 billion at February 10, and US$3.0 billion available under our revolving credit facility which matures in 2020.
-Construction of the Fort Hills oil sands project is more than 50% complete and progressing substantially on schedule and on budget. As at February 10, our remaining cash funding to complete the project is $1.2 billion.
-We received a payment of $789 million (US$610 million) for the sale of a silver stream linked to our share of the Antamina mine.
Cash unit production costs were reduced at all of our operations in 2015 compared with a year ago as a result of the highly focused efforts on our cost reduction program and lower diesel prices.
-We have reached agreements with the majority of our steelmaking coal customers for the first quarter of 2016, based on a quarterly benchmark of US$81 per tonne for the highest quality product, and we expect total sales in the first quarter, including spot sales, to be at least 5.5 million tonnes of steelmaking coal.
We were recognized as one of the Global 100 Most Sustainable Corporations for the fourth consecutive year by media and investment research company Corporate Knights.
-Operating highlights in 2015 included:
all our operating mines, with the exception of Quebrada Blanca and Pend Oreille, remained cash positive in the fourth quarter and for 2015,
we achieved record annual production at Trail for refined zinc and silver, and
we achieved record annual mill throughput at Antamina.
If we meet our full year guidance for production, costs and capital expenditures, assuming current commodity prices and exchange rates and no unusual transactions or events, we should complete 2016 with at least $500 million in cash without any material change in our overall U.S. dollar debt level.